US Dollar Index and US Treasury Yields Are Stable

US Dollar Index and US Treasury Yields Are Stableā€

US long-dated Treasury yields rose for a third straight session as tepid demand for benchmark 10-year notes pressured overall bond prices.

The Treasury's $20 billion sale of 10-year notes showed weak demand from investors despite being sold off sharply going into the auction. The two-year yield settled near 1.335% after a run at a 1.359% high, a 1.31% low and 1.319% close. Participants noted the August sale was a touch better-than-average, although rates were running at 2.818% versus 2.772%. Indirect bidders, which include foreign central banks, took 55.3 percent, below the 57.9 percent last month.

The yield on the benchmark 10-year Treasury jumped almost 3-1/2 basis points to 2.16 percent, the super-long 30-year bond yields climbed 2-1/2 basis points to 2.76 percent and the yield on short-term 2-year note traded almost 1 basis point higher at 1.33 percent by 10:50GMT.

The 10-year note auction's lukewarm result was expected, analysts said, given how much rates have declined in the past week.

The curve trade was mixed with the two- and 10-year yield gap steepened to 83.5, the widest since August 24 on a closing basis, from 80.8 Monday.

The Treasury will next sell $12 billion in 30-year bonds on Wednesday.

Meanwhile, the S&P 500 Futures traded 0.15 percent higher at 2,489.50 by 10:55GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 35.87 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend).

"We had North Korea, the hurricanes, natural disasters, and issues on the debt ceiling".

The ten-year Treasury yield was trading at 2.152-a gain of ~1.3%. The 10-year yield settled near 2.17% versus a 2.175% high, 2.1244% low and 2.125% close. The five- and 30-year yield spread flattened to 102.2 from 103.7.

"Dollar/yen shows the highest correlation to US yields and the pair is benefiting from the latest rise in yields", said Yukio Ishizuki, senior currency strategist at Daiwa Securities.

Like this


15 September 2017
Stock'S Earning Overview Helmerich & Payne, Inc. (HP)
Taking a peek at some Moving Averages, the 200-day is at 37.87, the 50-day is 38.62, and the 7-day is sitting at 39.28. The company had revenue of $498.60 million for the quarter, compared to analysts' expectations of $452.42 million.

15 September 2017
Alamos Gold Inc (AGI) Insider James Porter Acquires 10000 Shares of Stock
The Company owns and operates the Mulatos Mine, as well as the Esperanza, Agi Dagi, Kirazli and Camyurt gold development projects. Previously on 08/04/2017, TD Securities reported on Alamos Gold Inc (TSE:AGI) increased the target price from $12.50 to $13.50.

15 September 2017
Dunkin' Brands Group, Inc. (DNKN) Rating Reiterated by Jefferies Group LLC
The stock of Dunkin Brands Group Inc (NASDAQ:DNKN) has "Sector Perform" rating given on Monday, October 17 by RBC Capital Markets. Roundview Capital Llc decreased its stake in Anheuser (BUD) by 40.27% based on its latest 2016Q4 regulatory filing with the SEC.

15 September 2017
U.S. bans govt use of Russian Kaspersky
The Russian statement came in response to the 90-day deadline given to U.S. federal agencies to remove the software. It said Wednesday that its products have been sold at Best Buy for a decade.

15 September 2017
New LEGO Ninjago Movie Game Trailer Enters the Dojo
Of course, a followup in the mainline series is coming through the pipeline as well, with a 2019 release date planned. And it looks like the next film is going to be about an issue Lego has had several problems with in the past: gender.

15 September 2017
Dalai Lama says Buddha would have helped Myanmar's Muslims
On Friday, the Dalai Lama told reporters he had no doubt that Buddha would have helped the Rohingya people. The Rohingya are a Muslim minority group in Myanmar, which is largely Buddhist.

15 September 2017
$2.53 Billion in Sales Expected for Seagate Technology PLC (STX) This Quarter
Reliance Trust decreased Vanguard Total Bond Market Etf (BND) stake by 11,526 shares to 361,235 valued at $29.19M in 2016Q4. It worsened, as 46 investors sold STX shares while 155 reduced holdings. 85 funds opened positions while 129 raised stakes.

15 September 2017
Bristol-Myers Squibb Company (BMY) Stake Raised by AMP Capital Investors Ltd
With 472,700 avg volume, 3 days are for Aerovironment Incorporated (NASDAQ:AVAV)'s short sellers to cover AVAV's short positions. The stock of Bristol-Myers Squibb Co (NYSE:BMY) has "Market Perform" rating given on Wednesday, April 5 by BMO Capital Markets.

15 September 2017
The Laboratory Corporation of America Holdings (LH) Issues FY17 Earnings Guidance
Samlyn Capital Llc increased Unitedhealth Group Inc (NYSE:UNH) stake by 96,053 shares to 827,308 valued at $132.40M in 2016Q4. The stock of Laboratory Corp. of America Holdings (NYSE:LH) has "Buy" rating given on Tuesday, April 26 by Canaccord Genuity.

15 September 2017
Watch Robert E. Lee Statue Being Removed in Dallas
On Sunday night, the truck that was hauling the crane from Houston was involved in a fatal head-on crash, NBC DFW reported . Lee statue in Charlottesville and renaming of the city's Lee and Jackson parks, according to a Wednesday survey.